Issa Brothers, TDR Capital full acquisition of Asda from Walmart


The Issa brothers—Mohsin Issa and Zuber Issa, co-chief govt officers of the EG Group, a UK-based worldwide consolation and forecourts retailer, and funding funds managed by TDR Capital, a primary UK-based private equity company, currently completed the acquisition of Asda, Walmart’s wholly-owned UK enterprise, for an enterprise value of £6.8 billion.

The Issa brothers and TDR Capital have acquired a majority possession stake in Asda, whereas Walmart will retain an equity funding throughout the enterprise, with an ongoing enterprise relationship and a seat on the board.

Walmart, the Asda Group Restricted, the Issa brothers and TDR Capital currently made this announcement in a press launch.

The transaction obtained approval from the UK Financial Conduct Authority on February 8 and all deal circumstances have been met in full.

 


 

The Issa brothers—Mohsin Issa and Zuber Issa, co-chief govt officers of the EG Group, a UK-based worldwide consolation and forecourts retailer, and funding funds managed by TDR Capital, a primary UK-based private equity company, currently completed the acquisition of Asda, Walmart’s wholly-owned UK enterprise, for an enterprise value of £6.8 billion.

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